JSW Steel's Profit Rise Amidst Strategic Financial Moves

JSW Steel, under the leadership of Sajjan Jindal, has reported a 13.54% increase in its consolidated net profit, amounting to Rs 1,501 crore during the March 2025 quarter. This boost in profit was primarily attributed to a strategic decrease in expenses, the company revealed.

Despite the quarterly profit boost, the steel giant experienced a 61% drop in its annual profit, which fell to Rs 3,491 crore from Rs 8,973 crore the previous year. The company's total income experienced a decrease to Rs 45,049 crore for the quarter as well.

Looking ahead, JSW Steel's board has approved initiatives to raise substantial funds through the issuance of non-convertible debentures and equity shares, amounting to up to Rs 7,000 crore, showcasing their strategic financial planning in face of fluctuating profits.

(With inputs from agencies.)